Electrica Group (BVB: EL), a major player in Romania's energy distribution and supply sectors, reported mixed financial results for the first half of 2024.
The group's EBITDA increased by 6% to RON 614.7 million (EUR 123.6 mln), driven by strong operational performance in the electricity distribution segment. This growth was largely supported by a 15% increase in distribution revenues, which reached RON 2.24 billion, fueled by higher regulated tariffs and a 4.9% rise in the volume...
Uber and Bolt, the two alternative transportation platforms that dominate the Romanian market, have together registered over 100,000 affiliated drivers by the end of May 2025, according to official data from the Romanian Road Authority (ARR) reported at the request of Ziarul Financiar. The drivers who...
Romania’s president Nicuşor Dan signed 96 decrees approving the retirement of magistrates on August 1, with most leaving the judiciary immediately and the remainder scheduled to retire on September 1, Cursdeguvernare.ro reported. Among those stepping down is Corina Corbu, President of the High Court of Cassation and Justice (ICCJ). The wave of retirements...
The number of new cars registered in Romania dropped by 16.4% y/y to 80,718 in January-July despite a 25.3% y/y rise to 16,362 units in July, according to data published by the Romanian Car Manufacturing Association ACAROM. The lack of state grants for new car purchase, promised by the Ministry of Environment for December, certainly contributed […]
Raiffeisen Bank has cut its projection for Romania’s economic growth in 2025 to 0.7%, citing the impact of a challenging global trading environment and slowing international demand, the Austrian lender said in its semi-annual report. The bank now expects Romania’s gross domestic product (GDP) to grow by 1.3% in 2026,
The system of pensions paid to military personnel should be changed gradually until 2035 to avoid losing personnel, minister of defence Ionuț Moșteanu said in a Digi24 interview, implying that the European Commission...
Romanian finance minister Alexandru Nazare, in an interview given to Digi24, said that the payment of pensions and wages in the budgetary sector depends on the budget amendment that must earmark supplementary funds to these categories, Cursdeguvernare.ro reported. Romania...
